Jun 24, 2018 Last Updated 1:01 PM, Jun 14, 2018

New Entry From the Editor :

Australian billionaires Rinehart and Forrest put Atlas Iron in spotlight with share deals

Australian billionaires Rineha…

AusBN - Gina Rinehart’s Redstone Corporation has reportedly purchased...

Australian GDP growth rate hits two year high on increasing mining exports

Australian GDP growth rate hit…

AusBN - Australia’s GDP growth rate has reached a two year high of 3...

Fortescue to construct $1.7 billion mine as WA approaches fresh mining boom

Fortescue to construct $1.7 bi…

AusBN - Fortescue Metals Group has confirmed it will build a new large-scal...

Coles Express to end petrol price sharing

petrolAusBN – Retailer Coles Express has announced that it is terminating its subscription to a petrol price sharing information service that is claimed to reduce competition.

According to the Australia Competition and Consumer Commission (ACCC), the service offered by Informed Sources allows retailers to tell each other their petrol prices, and potentially increase them without risk of being undercut.

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Jetstar and Virgin misled customers

Virgin Australia HQ 1bAusBN – Airlines Jetstar and Virgin have been found guilty of deceiving customers over the price of booking airfares over the internet.

The Australian Competition and Consumer Commission (ACCC) took the airlines to court last year for “drip pricing” – where the true cost of an airfare is only revealed at the last stage of booking.

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